Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Other Intangible Assets [Abstract]

Gross Carrying Value and Accumulated Amortization of Intangible Assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022							December 31, 2021
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,597	$	(1,560	)	$	1,037	$	2,499	$	(1,326	)	$	1,173
Core deposit intangibles		1,943		(1,609	)		334		1,943		(1,489	)		454
Total amortized intangible assets	$	4,540	$	(3,169	)	$	1,371	$	4,442	$	(2,815	)	$	1,627
Unamortized intangible assets:
Goodwill	$	31,376						$	31,376

(1) Excludes fully amortized intangible assets

Future Amortization Expense for Amortized Intangible Assets

The following table provides the current year and estimated future amortization expense for amortized intangible assets for the next five years (in thousands). We based our projections of amortization expense shown below on existing asset balances at September 30, 2022. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Three months ended September 30, 2022 (actual)	$	74	$	40	$	114
Nine months ended September 30, 2022 (actual)		234		120		354
Three months ended September 30, 2021 (actual)		65		49		114
Nine months ended September 30, 2021 (actual)		204		147		351
Estimate for year ending December 31,
Remaining 2022		76		36		112
2023		265		121		386
2024		209		86		295
2025		161		50		211
2026		119		17		136
Thereafter		207		24		231
Total	$	1,037	$	334	$	1,371